India launched a tender for 75 oil and gas blocks—the biggest oil and gas tender in the history of its industry. The tender is for so-called discovered small fields, or DSFs, across 32 contract areas both onshore and offshore, the Indian Directorate General of Hydrocarbons said. Bids will begin being accepted on February 1 next year, Upstream reported.
The terms of the tender include a single license for conventional and unconventional hydrocarbon reserves, and attractive tax rules, as well as the absence of a signing bonus requirement. News…India Launches Biggest Its Biggest Ever Oil Tender
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